A recent report by Growth Plus Reports estimated the global Pressure Ulcer Treatments Market to be worth US$ 3.4 billion in 2021. From 2022 to 2030, it is expected that market revenue will grow at a CAGR of 6.84%, reaching US$ 6.23 billion. The most successful strategies, market trends, significant drivers and opportunities, the competitive environment, market size, statistical data, and revenue are all included in the report.
Key Takeaways:
- Pressure related injuries such as tissue rupture and skin breakdown are raising the treatment market revenue growth.
- The rising awareness among people about the disease is driving the market revenue share.
- The collaborations among market players are creating a string product pipeline.
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Pressure Ulcer Treatments Market Scope
|
Report Attribute |
Details |
|
Market size value in 2021 |
USD 3.4 billion |
|
Revenue forecast in 2030 |
USD 6.239695 billion |
|
Growth Rate |
CAGR of 6.84% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Segments covered |
Treatments, Wound Type, End User |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Market Drivers:
The increasing number of patients with pressure ulcers, growing geriatric populations, and patients treated with surgeries are driving the market revenue growth. Furthermore, the rising wound care projects are also contributing to the market revenue growth. However, the high cost of advanced wound care products and the lack of awareness about this disease is restraining the market revenue growth.
Market Segmentation:
Growth plus reports have analyzed the global pressure ulcer treatments market from perspectives such as treatments, wound type, end-user, and regions.
Treatments Segmentation:
Based on treatments, the global pressure ulcer treatments market is segmented into wound care devices, wound care therapies, and active therapies.
The wound care device segment accounts for the highest revenue share in the global market. This rise in revenue share is attributed to the perpetual technological advancements resulting in innovative products with better effectiveness, and high investments in research and development of such devices.
Wound Type Segmentation:
Based on wound type, the global pressure ulcer treatments market is segmented into Stage 1, Stage 2, Stage 3, and Stage 4.
The stage III and stage IV ulcers accounts for the largest revenue share among these. This large revenue share is due to the higher penetrance of the wound deep into the skin in these stages.
Regional Growth Dynamics:
Based on region, the global pressure ulcer treatments market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America accounts for the highest revenue share in the global pressure ulcer treatments market, owing to factors such as a rise in the geriatric population, increased technological advancement, expansion of healthcare sectors, and high demand for new innovative devices.
Competitive Landscape:
The prominent players operating in the global pressure ulcer treatments market are:
- Integra Lifesciences Corporation
- ArjoHuntleigh Inc.
- Talley Group Ltd.
- Cardinal Health, Inc.
- Acelity L.P Inc.
- Braun Melsungen AG
- 3M Company
- ConvaTech Group plc
- Smith & Nephew plc
- Hill Rom Holdings Inc.
- Coloplast Group plc
Due to the latest innovations, market players, mergers, and acquisitions, the global market for pressure ulcer treatments is competitive and rapidly growing. Also, the market identified alliances, purchases, and numerous other forms of cooperation as effective development methods, raising the prospect of future revenue growth.
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Recent Developments:
- In January 2019, Mölnlycke Health Care AB disclosed plans to acquire M&J Airlaid Products A/S. (M&J). Private Danish firm M&J manufactures specialized and premium Airlaid nonwoven materials for absorption. Mölnlycke’s wound care solutions use foams, soft silicone, and M&J’s Airlaid technology.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trend (COVID-19 Perspective)
- Technological Trends
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
“Pressure Ulcer Treatments Market TOC”
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VALUE PROPOSITIONS RELATED TO THE REPORT:
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- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
CUSTOMIZATION OPTIONS:
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- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- ‘Business Profile’ of Key Players
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